As at 30 June 2025, the Group has established a total of 16 logistics hub projects in Guangdong Province (including the Greater Bay Area), among which a total of 11 projects (including 7 projects in Shenzhen) are in operation/under management, and 5 projects (including 2 projects in Shenzhen) are under construction. Approximately 1.545 million square meters have been put into operation, with mature logistics parks achieving an occupancy rate of approximately 89%.

Projects in Shenzhen

SZI Intelligent Logistics Hub (SZ Liguang), located in Longhua District of Shenzhen, has a site area of approximately 45,000 square meters and a gross floor area of approximately 217,000 square meters. It has a high plot ratio comprising six aboveground floors and two underground floors and has commenced operations in 2023. The park is equipped with various warehousing facilities, including cold storage, ambient storage and automated stereoscopic warehouses, along with e-commerce incubation and operation centers and ancillary service centers.

SZI Intelligent Logistics Hub (SZ Yantian), located in Yantian District of Shenzhen, has a site area of approximately 32,000 square meters and a gross floor area of approximately 91,000 square meters, and commenced operations in early 2024. The project has served as one of the Group’s modern and premium-standard “Multi-story Warehouses” and “Bonded Logistics+” demonstration projects. The project focuses on high-value-added comprehensive logistics services such as bonded warehousing, cold chain logistics, international distribution and cross-border e-commerce.

SZI Intelligent Logistics Hub (SZ Pingshan), located in Pingshan District of Shenzhen, has a site area of approximately 120,000 square meters and a gross floor area of approximately 286,000 square meters, and commenced operations in December 2024. The project is a “Demonstration Base for Deep Integration of Manufacturing and Logistics Industries” within Shenzhen’s “20+8” strategic emerging industry clusters, and is an “Intelligent Logistics Shared Service Center” for “9+2” strategic emerging industries in Pingshan District.

SZI Intelligent Logistics Hub (SZ Pingshan East), located in Pingshan District of Shenzhen, has a site area of approximately 267,000 square meters and a gross floor area of approximately 94,000 square meters. The project benefits from cluster synergies with adjacent logistics hub projects operated by the Group, enabling opportunity for collaborative development within the area.

SZI Kanghuai E-commerce Center, located in Longhua District of Shenzhen, has an operating area of approximately 143,000 square meters. It is the first asset-light management service project operated by the Group. It provides a wide range of services, such as logistics and warehousing services, large-scale data centers, office towers, dormitories and restaurants.

SZI Western Logistics Park, located in Qianhai Pilot Free Trade Zone of Shenzhen, has an operating area of approximately 91,000 square meters. The project is operated by the Group through government lease after realizing the benefits of land consolidation and preparation in Qianhai. It provides comprehensive services including bonded logistics, warehousing and storage, loading and unloading, customs declaration and on-site value added services.

SZI Western Highway Freight Logistics Hub (SZ Bao’an), located in Bao’an District of Shenzhen, has a site area of approximately 75,000 square meters and a planned gross floor area of approximately 159,000 square meters. The project is a National Production Service-oriented Logistics Hub in Shenzhen and one of the seven major gateway-type logistics hubs planned by the Shenzhen Municipal People’s Government. It is also the first successfully launched highway logistics hub project under Shenzhen’s three-tier “7+30+N” logistics station layout plan. It is expected to commence operations at the beginning of 2026.

Projects in the Greater Bay Area

SZI Intelligent Logistics Hub (Foshan Nanhai), located in Nanhai District of Foshan, has a site area of approximately 76,000 square meters and a gross floor area of over 89,000 square meters, and commenced operations in the second half of 2024. 

SZI Intelligent Logistics Hub (Foshan Shunde), located in Shunde District of Foshan, has a site area of approximately 200,000 square meters and a gross floor area of approximately 329,000 square meters, and officially commenced operations in March 2025.

SZI Intelligent Logistics Hub (Zhongshan Torch), located in Zhongshan Torch Hi-tech Industrial Development Zone, has a site area of approximately 58,000 square meters and a gross floor area exceeding 66,000 square meters.

SZI Intelligent Logistics Hub (Foshan Gaoming), located in Gaoming District of Foshan, has a site area of approximately 157,000 square meters and a planned gross floor area of approximately 185,000 square meters.It is expected to commence operations in the second half of 2025. 

SZI Intelligent Logistics Hub (Zhaoqing Gaoyao), located in Gaoyao District of Zhaoqing, has a site area of approximately 100,000 square meters and a planned gross floor area of approximately 108,000 square meters. The project’s construction is proceeding on schedule and is expected to commence operations in 2026. 

Other Key Projects in Guangdong Province

SZI Logistics Hub (Zhanjiang), located in Mazhang District of Zhanjiang, has a site area of approximately 110,000 square meters and a gross floor area exceeding 90,000 square meters, and commenced operations in the second half of 2024. 

SZI Logistics Hub (Jieyang), located in the High-tech Industrial Development Zone of Jieyang, has a site area of approximately 96,000 square meters and a planned gross floor area of approximately 109,000 square meters.It is expected to commence operations in 2026. 

Railway Integrated Logistics Hub

Shenzhen International Integrated Logistics Hub Center (the “Pinghunan Project”)

In August 2021, the Group partnered with China Railway Guangzhou Group Co., Ltd. to establish a joint venture company, Shenzhen Municipal Shenzhen International Railway Logistics Development Company Limited, with the purpose of investing in and developing the Pinghunan Project. In September 2019, the Pinghunan Project was selected by China’s National Development and Reform Commission and the Ministry of Transport as one of 23 logistics hubs in the first batch of national logistics hub projects. It has also been selected as a key construction project in Guangdong for three consecutive years and as a major project in Shenzhen for four consecutive years.

The Group pioneered the model of obtaining strata titles for multi-level logistics and warehousing development constructed over a railway freight yard in the Pinghunan Project, optimizing the utilization of railway yard space by vertically expanding and developing modern logistics facilities, thereby achieving integrated “Rail Transportation + Modern Logistics” development. The Pinghunan Project will develop a multi-functional logistics complex with a gross floor area of approximately 850,000 square meters constructed above an operational railway yard. The complex will feature 11 logistics warehouses, 2 auxiliary facilities and 4 roundabouts for transportation. It will accommodate multiple business modes, such as high-standard warehousing, freight consolidation and distribution, urban delivery, cross-border e-commerce, cold storage and intelligent warehouse, establishing the world’s first intelligent logistics park built atop a traditional railway yard. The Group is fully committed to driving forward the construction of the Pinghunan Project. The steel structure of the main building has been successfully topped out in May 2025, and the entire project is expected to be completed by the end of 2025.

Updated on 16 September 2025